WW International (NASDAQ:WW) Price Target Cut to $6.00

WW International (NASDAQ:WW) had its target price trimmed by DA Davidson from $12.50 to $6.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on WW. Barclays reduced their price objective on shares of WW International from $8.00 to $1.50 and set an underweight rating on the stock in a research note on Friday, March 1st. UBS Group decreased their target price on WW International from $3.00 to $2.10 and set a neutral rating for the company in a research report on Thursday, April 25th. StockNews.com lowered shares of WW International from a hold rating to a sell rating in a research note on Wednesday, May 1st. Guggenheim reaffirmed a buy rating and set a $12.00 price objective on shares of WW International in a research note on Monday, March 18th. Finally, The Goldman Sachs Group restated a buy rating on shares of WW International in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $8.09.

WW International Stock Performance

Shares of NASDAQ:WW opened at $2.05 on Friday. WW International has a 52-week low of $1.51 and a 52-week high of $13.31. The stock’s 50-day moving average is $2.17 and its 200-day moving average is $5.01. The company has a market cap of $162.52 million, a P/E ratio of -0.48 and a beta of 1.75.

WW International (NASDAQ:WW) last posted its earnings results on Wednesday, February 28th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $205.96 million during the quarter, compared to analyst estimates of $205.95 million. As a group, equities analysts predict that WW International will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in WW International by 9.4% during the 4th quarter. SG Americas Securities LLC now owns 31,165 shares of the company’s stock worth $273,000 after buying an additional 2,681 shares during the period. Connectus Wealth LLC acquired a new stake in WW International in the fourth quarter worth $127,000. Raymond James Trust N.A. bought a new position in shares of WW International during the 4th quarter worth about $175,000. Advisors Preferred LLC acquired a new position in WW International during the 3rd quarter worth approximately $268,000. Finally, Barometer Capital Management Inc. boosted its holdings in WW International by 16.7% in the fourth quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company’s stock worth $1,928,000 after acquiring an additional 31,600 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.